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Cards In This Set
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Bookkeeping-uctovnictvo/
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Writing down the details of transaction (debits & credits)
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Accounting
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Keeping financial records recording income & expenditure, valuing assets & liabilities
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Managerial accounting
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Preparing budgets & other financial reports necessary for management
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Cost accounting
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Working out the unit costs of products, including materials, labour & all other expenses
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Tax accounting
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Calculating an individual´s or a company´s liability for tax
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Auditing/revízia účtov/
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Inspection & evaluation of accounts by a second set of accountants (douchebags)
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Creative accounting
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Using all available accounting procedures & tricks to disguise the true financial position of a company
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Shareholders
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A company´s owners (bruce and peter)
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Earnings or income
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The revenues received by a company a given period , minus the cost of sales , operating expenses, & taxes
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Liabilities/pasiva
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All the money that a company will have to pay to someone else in the future , including taxes, debts, & interests & mortgage payments
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Turnover
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The amount of business done by a company over a year
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Assets/aktiva/
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Anything owned by a business (cash investments, buildings, machines) that can be used to produce goods or pay liabilities
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Depreciation/amortizacia/
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The reduction in value of a fixed asset during the years it is in use(charged against profit)
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Debtors
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Sums of money owed by customers for goods or services purchased on credit
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Creditors
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Sums of money owed to suppliers for purchases made on credit
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